President Peña Nieto unveils Port Overhaul with an investment of 151.6 Million USD

President Enrique Peña Nieto said Wednesday September 10th, that the joint and coordinated work of everyone involved in giving Michoacán back tranquility and security are also helping to boost its development and progress.

Speaking at the ceremony of modernization and equipping of the Lázaro Cárdenas Port in Michoacán, Peña Nieto said that approved structural reforms are aimed at developing the well-being of all Mexicans. The changes Mexico needs will not happen on their own, therefore, the federal government made the decisions of working alongside different political forces to build a new legal framework, including 58 constitutional changes, more than 80 modifications to legislations, 21 repealed laws and 15 new laws.

Peña Nieto said that Mexico has a large young population and taking advantage of the abilities of children and youth will turn the country into a hub of skills and talents.

He said that by modernizing the Lázaro Cárdenas Port, Mexico is becoming a global logistic platform and a safe and attractive place to invest given its privileged position as the bridge between North and Latin America and its connection to the Mexican Gulf coast and the Pacific Ocean. Productive investments will generate more employment opportunities, as well as better qualified and better paid staff, he said.

President Peña Nieto unveils port overhaul

The Lázaro Cárdenas Port is increasing its capacity by 50 percent with an investment of 2.5 billion pesos ($151.6 million) generating 1,200 jobs for the people of Michoacán. Only two ports in the American continent have the same capacity, he said.

Peña Nieto said that investors’ work will promote the development of Mexico’s productive investments and activate the economy.

Lastly, the president said that Michoacán is on the right track since the rule of law was reintroduced to the state and security was guaranteed.

From now on, he said, the state will offer more and better opportunities for those seeking to set up new businesses and reactivating the region’s economy. He recognized the participation of Michoacán’s citizens in working to improve the state’s conditions and quality of life.